Bitcoin could soar 268% to $100,000 as crypto winter is finally over, Standard Chartered says

• Bitcoin could surge to $100,000 by the end of 2024, according to a Standard Chartered note.
• That's due to bank turmoil, bitcoin halving, and the expected end of Fed rate hikes, among other things. 
• "While sources of uncertainty remain, we think the pathway to the USD 100,000 level is becoming clearer."

The crypto winter has melted away, and bitcoin is set to flourish, a Standard Chartered note forecasted on Monday.

The world's biggest digital currency by market cap could surge to $100,000 by the end of 2024, the bank said, representing a 268% increase from current levels.

"We see potential for Bitcoin to reach the USD 100,000 level by end-2024, as we believe the much-touted 'crypto winter' is finally over," wrote Standard Chartered's Geoff Kendrick.